Federal authorities today charged a Connecticut man with running a Ponzi scheme that allegedly bilked investors out of $20 million over nearly 12 years.
A Financial Industry Regulatory Authority Inc. arbitration panel has ruled that Merrill Lynch & Co. Inc. wrongfully terminated Joseph Mattia when it fired the former branch manager of the bank's flagship office in Manhattan.
Fidelity Investments on Tuesday announced that it is cutting its management fees on its Section 529 plans. The reduced rates will apply to Fidelity's seven state-sponsored 529 plans.
The Securities and Exchange Commission last week charged two companies — including a financial planning firm — with conning senior citizens out of their retirement money with outlandish claims about investing in a shady biotech startup.
